An interruption to nickel production at Australia's Kwinana nickel refinery was having little impact on world prices for the metal, with ample supplies to cover any short-term needs.  Nickel has touched a low of Rs 1109.3 a kg after opening at Rs.1120.3, and last traded at Rs 1119.For today market is looking for the support at 1109.9, a break below could see a test of 1100.9 and where as resistance is now likely to be seen at 1127.4, a move above could see prices testing 1135.9.

Trading Ideas:

Nickel trading range is 1100.9-1135.9.

Ample nickel stocks soften impact of Kwinana refinery interruption

Nickel is having resistance at 1127.40 and support at 1109.90 level.

Spread between nickel DEC & JAN contracts yesterday traded in the range of 8.70 - 9.3.